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Re: SOL


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Posted by Why Chat (208.252.179.23) on August 10, 2004 at 15:17:26:

In Reply to: SOL posted by mia on August 10, 2004 at 12:50:24:

CA's lie cheat and steal, that is their nature.
Your SOL usually starts the first default, or delinquency prior to the chargeoff date. That is usually about 6 Months before the chargeoff.

In some States, it starts the Month before, your last ON TIME payment.

What the CA's report on your credit report is usually wrong and self serving. Remember, if they reported the TRUTH, that they paid 10 cents or less on the $ for your account, and that the DOLA from the original creditor was years ago, they would not be able to scare people into paying time-barred debts.

If you are beyond SOL on any accounts, send the CA the SOL letter, make sure you OPT OUT to prevent further poisoning of your reports.


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